Constellation Brands (NYSE:STZ) EVP Samuel Glaetzer Sells 750 Shares of Stock

Constellation Brands Inc (NYSE:STZ) EVP Samuel Glaetzer sold 750 shares of the company’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $145.66, for a total transaction of $109,245.00. Following the transaction, the executive vice president owned 3,783 shares of the company’s stock, valued at $551,031.78. This represents a 16.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Constellation Brands Stock Performance

NYSE:STZ traded up $0.40 during mid-day trading on Thursday, hitting $144.52. The stock had a trading volume of 1,788,774 shares, compared to its average volume of 2,274,798. The stock has a market capitalization of $24.46 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 2.98 and a beta of 1.75. The company has a 50 day simple moving average of $127.28 and a 200-day simple moving average of $141.13. Constellation Brands Inc has a 52 week low of $110.60 and a 52 week high of $168.60. The company has a current ratio of 1.00, a quick ratio of 0.53 and a debt-to-equity ratio of 1.02.

Constellation Brands (NYSE:STZ) last posted its earnings results on Tuesday, October 6th. The company reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. Constellation Brands had a net margin of 19.57% and a return on equity of 24.75%. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the business posted $3.63 EPS. Constellation Brands’s revenue was up 6.1% on a year-over-year basis. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, research analysts expect that Constellation Brands Inc will post 11.85 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, October 30th. Constellation Brands’s payout ratio is 36.95%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on STZ shares. BNP Paribas Exane lowered their target price on Constellation Brands from $115.00 to $110.00 and set an “underperform” rating on the stock in a research report on Monday, September 21st. Piper Sandler set a $125.00 target price on Constellation Brands in a research note on Thursday, October 8th. Sanford C. Bernstein reduced their price target on Constellation Brands from $197.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, September 28th. Evercore set a $160.00 price target on Constellation Brands in a research note on Monday, September 21st. Finally, Bank of America raised Constellation Brands from an “underperform” rating to a “neutral” rating and set a $160.00 price target on the stock in a report on Wednesday, November 4th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $154.09.

Institutional Trading of Constellation Brands

Institutional investors have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC boosted its holdings in shares of Constellation Brands by 4.3% in the first quarter. Chicago Partners Investment Group LLC now owns 1,888 shares of the company’s stock valued at $296,000 after acquiring an additional 77 shares in the last quarter. Allworth Financial LP increased its stake in shares of Constellation Brands by 2.2% during the third quarter. Allworth Financial LP now owns 3,556 shares of the company’s stock valued at $402,000 after acquiring an additional 77 shares during the period. SBI Securities Co. Ltd. raised its holdings in Constellation Brands by 13.7% during the third quarter. SBI Securities Co. Ltd. now owns 654 shares of the company’s stock worth $74,000 after purchasing an additional 79 shares in the last quarter. Shayne & Jacobs LLC raised its holdings in Constellation Brands by 4.9% during the third quarter. Shayne & Jacobs LLC now owns 1,940 shares of the company’s stock worth $219,000 after purchasing an additional 90 shares in the last quarter. Finally, Tompkins Financial Corp lifted its position in Constellation Brands by 2.6% in the third quarter. Tompkins Financial Corp now owns 3,745 shares of the company’s stock worth $423,000 after purchasing an additional 95 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

About Constellation Brands

Constellation Brands is a beverage alcohol company focused on beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra and Pacifico, which it markets in the United States under its agreement with Grupo Modelo. The company also owns premium wine and spirits brands, including Robert Mondavi Winery and The Prisoner Wine Company. Its products reach consumers primarily in the United States, with operations and distribution extending to other markets. Founded in 1945 as Canandaigua Wine Company in New York, the business grew through brand development and acquisitions before adopting the Constellation Brands name.